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Non-Tech : Any info about Iomega (IOM)? -- Ignore unavailable to you. Want to Upgrade?


To: Zebedee Wright, Jr. who wrote (43646)1/16/1998 6:12:00 PM
From: Linda Pearson  Respond to of 58324
 
Zebedee,
<Just curious if you have succumbed to the options bug yet? >

Well, not only did I (had a few short term profitable trades buying Calls)...I now am watching the Feb 15's disintergrate (a really good reason to get good earnings next week).

I could have gotten out quick...but, put in my order 1/4 above the ask on one memorable day. Price hasn't been there since.

The Feb 12 1/2 are also giving me grief. There's still a chance for them...I think.

So the moral of this story is:

Don't buy options without expecting to lose most or all of the value. Get out fast---if you can.

No regrets though.

Linda

I need to go back to Tom's post to have another laugh.